Solana price has reached a crucial price level as it attempts to break out from a descending parallel channel that has limited its movements for weeks. The asset’s latest price action shows signs of upward momentum, with analysts debating whether this breakout is sustainable. Meanwhile, on-chain data reveal a SOL whale transferred 494,153 SOL, valued at $71.95 million, to Coinbase Institutional, adding further speculation about market movements. Solana Price Attempts Breakout From Descending Channel In recent Solana price analysis, technical indicators suggest the asset is challenging key resistance after weeks of downward movement. A descending parallel channel has been restricting its price, but the latest attempt to break above this trendline has drawn attention from traders. Analyst Ali Martinez shared a chart showing Solana price moving past its downtrend resistance, targeting a potential rally toward $213. If confirmed, this move could indicate a shift from a bearish trend to a more sustained uptrend. However, analyst Seth maintains a cautious outlook, suggesting that Solana price remains within the broader channel, facing resistance at crucial levels. Source: X Whale Transfers 494,153 SOL to Coinbase Institutional Additionally, blockchain tracking platform Whale Alert reported a SOL whale moving 494,153 SOL, worth approximately $71.95 million, to Coinbase Institutional. Large-scale transfers of this magnitude often attract market attention, as they may indicate either selling pressure or institutional accumulation. If the transferred SOL is intended for liquidation, it could introduce selling pressure, potentially affecting the ongoing breakout attempt. However, if the transaction is related to over-the-counter (OTC) trading or institutional accumulation, it may signal increased demand, which could support further upward movement. According to recent Solana whale activities, SOL price might be headed for a breakout to $180. A whale’s $14 million accumulation eased selling pressure, supporting the recent rebound to $145. If momentum sustains, breaking the $170 resistance could pave the way for a SOL rally toward $180. Buyers Return as SAR and MACD Suggest a Breakout Meanwhile, Solana price technical indicators have also turned bullish, supporting the potential breakout. The Parabolic SAR (Stop and Reverse) indicator, represented by the dotted blue lines, has shifted below the price candles, signaling a possible trend reversal to the upside. This suggests that selling pressure is weakening and buyers are regaining control, increasing the likelihood of a sustained price recovery. Source: TradingView The Moving Average Convergence Divergence (MACD) and Histogram further reinforce this bullish sentiment. The MACD line has started converging toward the signal line, reducing the bearish momentum. Additionally, the histogram bars have begun turning green, indicating a potential crossover into positive territory. This shift suggests that buying pressure is building up, which could support an upward move toward $170 and possibly $180 if resistance levels are breached. However, historical resistance between $175 and $185 remains a significant test for the asset. To confirm a true breakout, Solana price needs to maintain high-volume closes above these levels. Failure to do so may result in a rejection, pushing the asset back into the descending channel. More so, the Solana network has outpaced Ethereum in terms of active users and transaction efficiency. This has lead to speculations that SOL price could hit $500 before ETH price reaches $5,000. With 73.4 million monthly active addresses compared to Ethereum’s 7.4 million, Solana’s adoption rate suggests strong upside potential. If this growth trend continues, analysts believe SOL could outperform ETH in the near term. The post Solana Price Breaks Key Resistance as Whale Moves $71M SOL appeared first on CoinGape .
The post Pi Coin Price Prediction: Binance Teases Pi Listing, Is March 14 The Big Day? appeared first on Coinpedia Fintech News Pi Coin is up by more than seven percent in the last 24 hours. It is now eyeing to break the $2 mark. Pi Network has seen a major drop from its all-time high of $3, now trading around the range of $1.60-$1.70. Despite the broader market downturn, investor sentiment remains hopeful, with signs that a reversal could be on the horizon. The MACD indicator shows potential bullish momentum, but with the RSI still below 50, recovery may be slow until market conditions improve Adding to the bullish theory, the X account ‘Binance Intern’ tweeted some intriguing messages. The first tweet read, “If you’re reading this, you’re a real one,” followed by the Pi symbol. This is the first time Binance has directly referenced Pi Coin in this way. Could it be a joke? Maybe. But it sure looks like they’re giving Pi some attention. In another tweet, they asked, “If your favorite project was a dessert, what would it be?” and posted a slice of pie emoji. These tweets have been getting massive attention and this could be a way for Binance to gauge the Pi community’s interest. What’s next for Pi Coin? The big news is that Pi Day (March 14th) is approaching, and experts believe that’s when Pi Coin could be listed on Binance. If Binance lists Pi, it will put pressure on other exchanges like Coinbase, Kraken, Crypto.com, and Gemini to list it too. Pi’s trading volume is huge right now and other exchanges will want a piece of that action. Pi Coin’s community is one of the strongest out there. People have been mining Pi since 2019, and many are holding onto their coins for the long term, even locking them up until 2027. This shows strong support for Pi, and that could drive more exchanges to list it.
VanEck’s head of digital assets research, Matthew Sigel, has warned that upcoming Solana network upgrades could significantly impact validator earnings while raising centralization risks. Sigel outlined three major proposals — SIMD 096, SIMD 0123, and SIMD 0228 — in a post on X on Mar. 4. These proposals seek to improve Solana’s ( SOL ) economic framework but have the potential to reduce validator revenue by up to 95%. Solana has several upcoming protocol upgrades, known as SIMDs, aimed at enhancing its technical capabilities and economic framework. These changes could help stabilize and strengthen Solana's position in the crypto ecosystem moving forward. Solana recently implemented SIMD 096… — matthew sigel, recovering CFA (@matthew_sigel) March 4, 2025 Solana’s SIMD 096, implemented on Feb. 12, redirected 100% of priority fees to validators, eliminating the previous system that burned half of these fees. Staking payouts increased as a result, but off-chain trading agreements between validators and traders were deterred. SimD 0123, which is currently up for vote, would further divert revenue away from node operators by requiring validators to pay priority fees to stakers. SIMD 0228, the most contentious proposal scheduled for a vote on Mar. 6, would modify Solana’s inflation rate based on stake participation. The network’s yearly inflation rate would decrease from 4.7% to 0.93% if staking levels stayed at 63%. This would lower token dilution but also reduce staking rewards, much to the disadvantage of validators. You might also like: Hamster Network hits 34,028 TPS, surpassing Solana and Aptos Validators are mainly concermed about the high operating costs required to run nodes. These include mandatory voting fees of 1.1 SOL each day (about $58,000 yearly) and hardware expenditures of approximately $6,000 annually. Since only 458 of Solana’s 1,323 validators own a sufficient amount of stake to turn a profit , smaller operators risk being forced out. Lowering voting fees has been proposed by several community members as a way to alleviate financial strain. Despite the controversy, Sigel maintained that reducing inflation would benefit SOL in the long run by lowering sell pressure and supporting the token’s value. Solana’s network activity remains strong. With $109 billion in February, the blockchain has surpassed Ethereum for the fifth consecutive month, demonstrating its dominance in decentralized exchange volume, according to DeFiLlama data . The current plans, however, might render operating a node unfeasible for small validators, which could result in even more centralization. Read more: What is Physical Bitcoin? The real-world version of BTC
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Ricardo Salinas allocates 70% of his portfolio to Bitcoin and 30% to gold. He advocates dollar-cost averaging to manage market volatility effectively. Continue Reading: Mexican Billionaire Doubles Down on Bitcoin with Bold Investment Strategy The post Mexican Billionaire Doubles Down on Bitcoin with Bold Investment Strategy appeared first on COINTURK NEWS .
On March 5th, COINOTAG News reported significant market movements detected by @ai_9684xtpa. A prominent crypto whale recently executed a substantial withdrawal of 2000 ETH from the Kraken exchange, totaling approximately
Crypto analyst EGRAG CRYPTO (@egragcrypto) has released a chart update that could stir excitement among XRP holders. In his latest post on X, the analyst references historical price behavior, a potential channel formation, and precise technical indicators to suggest that XRP may be on the verge of a swift move toward the $27-$33 price range. The timeframe for this potential surge, according to his analysis, could be as short as 28 days if conditions mirror XRP’s 2017 bull run. XRP Price To Hit $33? Egrag opens his post by acknowledging the risk and difficulty of making time-based forecasts. “Sometimes, I throw myself under the bus with time predictions, but honestly, it’s worth sharing with the community! Even though I know it might backfire, I still give it a shot,” he writes. He also reiterates his broader philosophy: “Now, let me be clear—I never try to time the market because it’s nearly impossible. Instead, I follow the golden rule: ‘Time in the market is more important than timing the market!’” This balance between caution and optimism underscores the delicate nature of technical analyses in unpredictable cryptocurrency markets. Related Reading: XRP Price Can Fall Further To $1.5 If This Level Fails To Hold The centerpiece of Egrag’s analysis is a potential weekly channel that he believes strongly resembles the price structure XRP exhibited in 2017. He points out that, during that period, the cycle leading from the channel’s inception to the final breakout lasted approximately 175 days. Within that timespan, the token recorded a rise of about 2,500% from the lower boundary of the channel. That surge culminated in a cycle “blow-off top,” a term used by traders to describe a rapid price climb followed by an even quicker reversal. According to Egrag, these chart features appear to be resurfacing now, with XRP showing signs of maintaining support above the 21-week Exponential Moving Average (EMA). “We’re seeing similar XRP price action today, with the 21 EMA closing above and only a minor wick,” he notes, suggesting that the token’s price is finding strength near a well-watched moving average. Such support, if sustained, can be an early indicator that bullish momentum is building. One of the most eye-catching points in Egrag’s chart is his projection that XRP could climb toward the Fib 1.618 extension level, where he places a tentative target between $27 and $33. He explains that, if 2017’s channel pattern truly echoes today’s structure, XRP may replicate a similar percentage gain and time duration before hitting that upper range. “If we apply this same pattern to the current market, XRP could surge to the Fib 1.618 level, targeting $27-$33!” he writes. He further suggests that this parabolic move “could happen within just 28 days,” based on his historical observations. Before reaching this high, XRP could first target the Fib 1.272 level at $8.38, followed by the Fib 1.414 level at $13.67. These are historically relevant Fibonacci extension points that traders often monitor as price advances in an uptrend. Related Reading: XRP Price Bubble Burst? This Pattern Suggests Imminent Drop To $1.1 In the immediate short term, XRP is currently positioned at the 0.888 Fibonacci retracement level ($2.23), with additional support at the 0.786 level ($1.57) and 0.702 level ($1.78). These levels suggest that XRP is consolidating within a structured Fibonacci-based pattern before an anticipated breakout. This 28-day forecast is arguably the most striking part of his analysis, reflecting a break from his usual reluctance to pin down short-term timelines. Egrag concedes that timing market moves is notoriously challenging but remains confident that reviewing past cycles can still offer valuable insights. “Even though I know it might backfire, I still give it a shot,” he remarks, acknowledging the inherent volatility and unpredictability of crypto assets. At press time, XRP traded at $2.32. Featured image created with DALL.E, chart from TradingView.com
Bitwise’s executives have criticized the U.S. crypto reserve’s inclusion of ETH, XRP, SOL, and ADA, arguing bitcoin alone is a true reserve asset. Bitwise Reacts to Trump’s Crypto Reserve—Did Altcoins Just Weaken the Plan? Many leaders in the cryptocurrency industry, including executives at asset management firm Bitwise, have voiced their opinions on the U.S. crypto
The resolution repealing the IRS rule will need to pass the House and, if successful, will be sent to US President Donald Trump, who has signaled he’ll support killing the rule.